noun The act of demonetizing; the condition of being demonetized. Also spelled demonetisation.
from the GNU version of the Collaborative International Dictionary of English.
noun The act of demonetizing, or the condition of being demonetized
from Wiktionary, Creative Commons Attribution/Share-Alike License.
noun The act or process of demonetizing
from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.
noun ending something (e.g. gold or silver) as no longer the legal tender of a country
Etymologies
Sorry, no etymologies found.
Support
Help support Wordnik (and make this page ad-free) by adopting the word demonetization.
Examples
And now under existing law we are purchasing 54,000,000 ounces of silver a year; so that what she calls the demonetization of silver has resulted in its use in our country to an extent more than fiftyfold greater than before its demonetization.
= -- Absorbed in the greenback controversy, the people apparently did not appreciate, at the time, the significance of the "demonetization" of silver; but within a few years several events united in making it the center of a political storm.
Operating a fiat currency completely severed from gold in 1971 (continuing a trend of precious metals demonetization begun in the early nineteenth century) has built a veritable mountain of debt.
This demonetization took on a greater furor when President Obama took a very low key approach to human rights in China during his visit to Shanghai and Beijing in November, 2009.
Operating a fiat currency completely severed from gold in 1971 (continuing a trend of precious metals demonetization begun in the early nineteenth century) has built a veritable mountain of debt.
Britain had to purchase silver from continental Europe to trade with China, which was a costly process at a time before demonetization of silver by Germany in the 1870s.
Britain had to purchase silver from continental Europe to trade with China, which was a costly process at a time before demonetization of silver by Germany in the 1870s.
Comments
Log in or sign up to get involved in the conversation. It's quick and easy.